In the Spot Market, $1 Is Currently Equal To $\le$ 05086 the Expected Inflation Rate in the U

In the spot market, $1 is currently equal to $\le$ 0.5086. The expected inflation rate in the U.K. is 5 % and in the U.S. 4 %. What is the expected exchange rate one year from now if relative purchasing power parity exists?

A) $\le$ .5035
B) $\le$ .5077
C) $\le$ .5109
D) $\le$ .5121
E) $\le$ .5137